Musk spent $276 mil. to boost Republicans in midterms: US media

Washington - Technological mogul Elon Musk, currently the wealthiest individual globally, has donated a staggering $276 million to entities supporting conservative American candidates in the lead-up to the upcoming midterm elections, according to US media reports on Monday. This substantial contribution positions Musk as the single largest donor for the November 3 elections, as per the New York Times.

Musk has spent a total of $366 million during this election cycle. The majority of these funds, $158 million, were directed to the Republican Senate Leadership Fund, aimed at preserving the party's grip on the upper chamber of Congress despite a narrow advantage. Musk's financial involvement in US politics is not new; he contributed $290 million in 2024 to aid then-President Donald Trump's re-election.

Trump had allowed Musk to work in the White House for several months, overseeing his cost-cutting Department of Government Efficiency (DOGE) initiative, but the relationship ended after a public disagreement. Nevertheless, they have since mended their relationship, and Trump recently honored Musk with the National Medal of Science during a ceremony in Washington D.C.